Retail parks to have 40% share in total new Polish retail supply

by   CIJ News iDesk II
2020-09-14   09:59

Retail parks have been the biggest beneficiaries of the structural retail changes introduced in Poland over the last 10 years. Their number has doubled and their share in total retail stock went up by 4 percentage points, according to JLL and Trei Real Estate Poland. In the first half of 2020, developers completed nearly 148,000 sqm of modern retail space in large-scale projects. Of this new supply, 67 percent was delivered in eight new retail parks and three extensions of existing schemes. Almost 450,000 sqm of GLA is still under construction with initial completion dates set for 2020 and 2021. Retail parks account for nearly 26 percent of this volume.